Express (EXPR) Price Target Cut to $8.00

Express (NYSE:EXPR) had its price objective reduced by research analysts at SunTrust Banks to $8.00 in a note issued to investors on Wednesday, January 10th. The firm currently has a “hold” rating on the stock. SunTrust Banks’ price objective suggests a potential upside of 7.38% from the stock’s previous close.

A number of other research firms have also commented on EXPR. BidaskClub lowered shares of Express from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 12th. B. Riley reaffirmed a “neutral” rating on shares of Express in a research report on Wednesday, November 1st. TheStreet raised shares of Express from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $7.00 price target on shares of Express in a research report on Wednesday, September 13th. Finally, FBR & Co reaffirmed a “hold” rating and set a $7.00 price target on shares of Express in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $8.88.

Shares of Express (NYSE:EXPR) opened at $7.45 on Wednesday. The stock has a market cap of $587.12, a PE ratio of 24.03 and a beta of 1.55. Express has a 12 month low of $5.28 and a 12 month high of $11.69.

Express (NYSE:EXPR) last released its quarterly earnings results on Thursday, November 30th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Express had a net margin of 0.60% and a return on equity of 3.85%. The business had revenue of $498.70 million for the quarter, compared to analyst estimates of $487.38 million. During the same period last year, the firm earned $0.15 earnings per share. Express’s revenue for the quarter was down 1.5% compared to the same quarter last year. equities research analysts forecast that Express will post 0.34 earnings per share for the current year.

Express announced that its board has authorized a share repurchase plan on Thursday, November 30th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of EXPR. Piedmont Investment Advisors LLC acquired a new stake in shares of Express in the 2nd quarter valued at approximately $114,000. Public Employees Retirement System of Ohio boosted its stake in shares of Express by 29.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 20,739 shares of the company’s stock valued at $140,000 after purchasing an additional 4,722 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Express in the 2nd quarter valued at approximately $148,000. Virtu KCG Holdings LLC acquired a new stake in shares of Express in the 2nd quarter valued at approximately $177,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Express by 59.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 29,420 shares of the company’s stock valued at $199,000 after purchasing an additional 10,930 shares in the last quarter. Institutional investors own 99.08% of the company’s stock.

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Express Company Profile

Express, Inc is a specialty apparel and accessories retailer offering both women’s and men’s merchandise. The Company targets women and men between 20 and 30 years old. It offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeanswear and going-out occasions.

Analyst Recommendations for Express (NYSE:EXPR)

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